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Who Is Instagram?
WHO IS eBay?
eBay Inc. is an American multinational e-commerce corporation that facilitates consumer-to-consumer and business-to-consumer sales through its website. The company is based in San Jose, California.
WHAT THEY DO?
eBay is a global business whose website is used for online auction and shopping in which people and businesses buy and sell a wide variety of goods and services. The site is free to use for buyers, but sellers pay for listing items after getting a limited number of free listings.
HOW THEY WORK?
eBay connects millions of buyers and sellers around the world by allowing them to sign up for accounts as buyers or as sellers. Sellers from across the world list their products and services on their accounts, and eBay helps them reach customers from all over the world. eBay enables economic opportunity for individuals, entrepreneurs, businesses, and organizations of all sizes.
BEST PRACTICE:
eBay has various features that help sellers make more money. They include: social buttons on listings, shopping cart, advanced search, eBay catalog product reviews, the Wishlist, and eBay bucks and bill me later.
HISTORY:
eBay was founded by Pierre Omidyar in 1995 as AuctionWeb.
In September 1997, the company officially changed the name of its service from AuctionWeb to eBay.
In 1997, eBay received $6.7 million in funding from Benchmark Capital.
In 2001, eBay had the largest userbase of any e-commerce site.
In February 2002, eBay purchased iBazar, a similar European auction web site. The same year on October 3, 2002, eBay PayPal.
By early 2008 eBay had expanded worldwide and had hundreds of millions of registered users, 15,000 employees, and $7.7 billion in revenues.
In late 2009 eBay completed the sale of Skype for $2.75 billion but retained 30% equity.
In 2012, eBay was charged by the United States Department of Justice with entering into non-solicitation agreements with other technology companies involving their highly skilled employees.
On July 18, 2015, eBay turned PayPal into a separate publicly-traded company.
On January 31, 2018, eBay announced its plan to remove PayPal as the primary payment provider and adopt Netherlands-based start-up, Adyen, by 2021.
On July 31, 2019, eBay acquired a 5.59 percent stake in Paytm Mall.
On September 25, 2019, Devin Wenig stepped down as eBay's CEO, and that Scott Schenkel became the interim CEO.
On April 13, 2020, Jamie Iannone became the CEO.
TIPS:
Avoid selling questionable or high-risk items that are usually associated with disputes, especially electronics.
Offer your buyers a fair return policy—the better the return policy, the higher the chances of listing better.
Related Social Media
Zillow
Zazzle
YouTube
Yelp
Official Ravi Singh Social Media Accounts
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About ME
Dr. Ravi Singh is a Sikh American born internet pioneer whose passion for writing, inventing technology, and startups have earned him a reputation as the "Campaign Guru" according to Business Week Magazine and USA Today.
